Brokers accounted for roughly a third of originations in six months to December 2025
Commonwealth Bank’s average home loan balances rose to $622 billion in the six months to December 2025, up 5% year-on-year and 3% on the prior half.
On a 12-month basis, home lending growth of around 6.6% matched system growth, with the bank holding its market share at 24.6% on an RBA basis and lifting APRA-based share by 10 basis points to 25.4%.
Home lending continued to play a central role in earnings, supporting Retail Banking Services cash net profit after tax (NPAT) of $2.73 billion for the half.
While strong volume growth helped offset pressure elsewhere, margins remained under strain, with competitive home loan pricing contributing to a slight decline in net interest margin.
Broker flows remained stable.
Proprietary channels, including CBA-branded loans and Unloan, accounted for 67% of new home loan flows, marginally higher than a year earlier, implying brokers sourced around one-third of new business.
“We have continued to execute our strategy with discipline, maintaining a strong focus on supporting customers while delivering sustainable outcomes for shareholders. A strong labour market and, until recently, easing interest rates, have provided some relief for borrowers, and our credit quality has improved,” said CBA chief executive Matt Comyn.
“While conditions remain challenging for some customers, recent improvements in economic activity reinforce the resilience of the Australia economy,” he added.
Comyn noted that Australia’s economic growth “strengthened” during the reporting period, “driven by increases in consumer demand and rising investment in AI and energy infrastructure.”
“Supply side constraints mean that the economy is struggling to meet this increased demand,” he added. As a result, inflation is now expected to remain above the Reserve Bank’s target band for some time, placing further upward pressure on interest rates. We will continue to seek to support our customers with their financial resilience. We are optimistic about the prospects for the economy and will play our part in building a brighter future for all.”
